GREY:ICPBQ - Post by User
Post by
undervalueon Nov 15, 2022 4:37pm
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Post# 35101269
Their debt deal. Why bother.
Their debt deal. Why bother. The intrest rate is prime plus 15%, so this co. will be underwater very quickly.
As for a100% pick up of the shares, that will not be happening. I will not bother.
The CFO still owes me a call from months ago.
I cannot understand why they are bothering with this. The waste of such a decent historical company lands in the hands of management and the board. They are, in my opinion simply stupid. The co. will piss thru the 5 million in a quarter or 2 and be in CCRA in 2023.
They should have done it themselves rather than enrich this crew with credit card rates.
From the debt terms
not to Dispose of any of its properties or assets other than in the ordinary course of business and on commercially reasonable terms; other than the sale of 100% of the issued and outstanding share capital of the Borrower to Hilco Capital Limited (or to its Affiliate);